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Ken Howery, co-founder of PayPal and a close associate of Peter Thiel, has been named President Trump’s pick for ambassador to Sweden, per an … Mr. Trump announced earlier this week that he plans on nominating Ken Howery as the ambassador to Sweden. - A regular ambassador has greater weight as well as better access to the president's ear than an acting one. Thiel was a member of Trump’s transition team and has been a vocal supporter and financial backer of the president. He is on Forbes list of the world's richest, but only on Tuesday was he approved by the Senate. But only on Tuesday was he approved by the Senate. October 17, 2018 By domani spero in Nominations, Officially In, Political Appointees, Trump Tags: Kenneth Howery, Sweden, Trump Nominations. Howery was asked by the US Senate last week and was approved in principle by its Foreign Affairs Committee on Wednesday. The pair both were a part of the founding team at PayPal, and continued that partnership at both Clarium Capital and Founders Fund, along with the controversial data analytics company Palantir. Following the inauguration, Thiel has served as a counsel for the president on technology-related issues, and put together a panel for him including some of the most prominent tech executives in the country. Those has come at some cost to Thiel, with Y Combinator publicly cutting ties with Thiel in 2017, although he remains an influential board member at Facebook. The WH release a brief bio: Kenneth A. Howery of Texas, to be Ambassador Extraordinary and … Already in October 2018, Trump nominated billionaire and Paypal founder Ken Howery as a new ambassador. President Donald Trump announced plans Tuesday to nominate Founders Fund partner and PayPal co-founder Ken Howery as U.S. ambassador to Sweden, the White House said in a statement. He is on Forbes list of the world's richest people.

Howery was particularly involved in Founders Fund’s early investment in SpaceX. The US Embassy in Sweden looks forward to welcoming you to Sweden soon, ”the embassy writes on its Twitter. For more than two and a half years, the United States has lacked an ambassador to Sweden. (Bloomberg) -- President Donald Trump announced plans Tuesday to nominate Founders Fund partner and PayPal co-founder Ken Howery as U.S. ambassador to Sweden, the White House said in a statement. Already in October 2018, Trump nominated billionaire and Paypal founder Ken Howery as a new ambassador. The financier and one of the world's richest men, Ken Howery, was appointed almost a year ago by Trump as a new ambassador to Sweden. Instead, the United States has had several temporary managers. 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Howery, a Stanford University graduate, and Thiel have built their careers together, co-founding PayPal 30 years ago and then selling it to EBay for $1.5 billion. He’s still awaiting his Senate confirmation hearing. Thiel also engaged in a secret legal campaign against the website Gawker, which culminated in the site’s bankrupcty. They thus tend to be able to represent their country with greater degrees of freedom, the Foreign Ministry's press communicator Rasmus Eljanskog has said in a previous interview. Howery looks to be out the door soon, too. â The broom closet was maybe 10 feet wide,â Howery said. The WH announced the President’s intent to nominate venture capitalist and PaPal co-founder Kenneth Howery to be his ambassador to Sweden. The information you requested is not available at this time, please check back again soon. He is on Forbes list of the world's richest, but only on Tuesday was he approved by the Senate. Ken Howery, co-founder of PayPal and a close associate of Peter Thiel, has been named President Trump’s pick for ambassador to Sweden, per an announcement from the White House on Tuesday. Nominees for ambassadorships must be confirmed by the U.S. Senate. newsletter. Howery briefly joined Thiel’s hedge fund Clarium Capital as a vice president and then in 2005, the two men started Founders Fund, which has roughly $3 billion under management and is also known for its investments in Space X, Airbnb Inc. and data mining company Palantir Technologies. Mike Dorning and Lizette Chapman, Bloomberg News. To contact the reporters on this story: Mike Dorning in Washington at mdorning@bloomberg.net;Lizette Chapman in San Francisco at lchapman19@bloomberg.net, To contact the editors responsible for this story: Alex Wayne at awayne3@bloomberg.net, Mike Dorning, John Harney, {{data.symbol | reutersRICLabelFormat:group.RICS}}, {{ stock | formatPrefix }}{{ stock.netChng | formatNetChange }}. But before Mr. Howery can start practicing his Swedish, immersing himself in our beloved Fika culture, celebrating every pastry that exists and awkwardly avoiding his neighbor at any cost, the nomination has to be approved and confirmed by the U.S. Senate. Flush with cash from that windfall, they began exploring angel investing, with Howery helping Thiel decide to make a very early bet on Facebook Inc. -- a decision that enriched Thiel by orders of magnitude and yielded him a seat on the company’s board. Howery was PayPal Holdings Inc.’s first chief financial officer and started Founders Fund, a San-Francisco-based venture capital firm, with former PayPal chief executive officer Peter Thiel.

In October, Donald Trump nominated him to become the U.S. ambassador to Sweden. He is on Forbes list of the world's richest, but only on Tuesday was he approved by the Senate.

— The following profile is an abbreviated version of Venture Capital Journal contributor Deborah Gage’s piece for the the VCJ’s series on “Hot Prospects” within the venture capital industry. Co-founder of @PayPal, Kenneth Howery, is @POTUS choice to be ambassador to #Sweden. Instead, the United States has had several temporary managers.

Trump has nominated billionaire and Paypal founder Ken Howery as the new ambassador in October 2018. pic.twitter.com/XeZERPYceB. Photo: Twitter. Already in October 2018, Trump nominated billionaire and Paypal founder Ken Howery as a new ambassador. For more than two and a half years, the United States has lacked an ambassador to Sweden. They thus tend to be able to represent their country with greater degrees of freedom, the Foreign Ministry's press communicator Rasmus Eljanskog has said in a previous interview. Howery and Thiel have worked together for decades. Businessman Ken Howery as Donald Trump nominated as new ambassador. The US Embassy in Sweden looks forward to welcoming you to Sweden soon, ”the embassy writes on its Twitter. "Congratulations!

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